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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail. -
Sources said that detailed discussions have taken place, with a clear path to a deal.
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GL and workers’ comp, however, may benefit from a more competitive environment.
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Life-threatening surf and rip currents are expected on the east coast of the US.
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The promotions will enhance underwriting capability across key segments.
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Ongoing pricing headwinds stand to weigh on carriers’ returns and valuations.
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The deal was announced last month.
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The state’s Supreme Court upheld two lower court decisions finding no liability.
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The Brazilian carrier grew earned premiums to over $100mn in 2024.
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The company said the judge overlooked key issues in dismissing its fraud case.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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Claude Wade is to step down from his role to address ongoing health issues.
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